Warren Buffett’s Strategy: Is It Time to Buy Koninklijke Philips NV?
Investor sentiment can greatly impact stock prices. One method to gauge this is the Relative Strength Index (RSI), a tool that measures momentum on a scale from zero to 100. When the RSI dips below 30, it suggests that a stock is oversold.
On Monday, shares of Koninklijke Philips NV (Symbol: PHG) fell into oversold territory, recording an RSI of 21.3 while trading as low as $26.09 per share. In contrast, the S&P 500 ETF (SPY) has an RSI of 62.7. For optimistic investors, PHG’s low RSI might signal that heavy selling is starting to lose steam, presenting a potential buying opportunity.
The chart below illustrates the performance of PHG over the past year:
In its 52-week trading range, PHG’s lowest price has been $17.8598, and its highest has reached $32.91. The most recent trading price was $26.52.
Explore 9 other oversold stocks to watch »
Additional Resources:
- SPRD Historical Stock Prices
- Top Ten Hedge Funds Holding SVFB
- Institutional Holders of USA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
